Bill Summary for S 50 (2015-2016)

Summary date: 

Jun 9 2015
S.L. 2016-65

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 50 (Local) Filed Monday, February 9, 2015
AN ACT TO INCREASE THE AUTHORIZATION FOR WILSON COUNTY TO LEVY AN OCCUPANCY TAX.
Intro. by Bryant.

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Bill summary

Senate committee substitute makes the following changes to the 2nd edition.

Amends provisions concerning the distribution and use of the additional occupancy tax revenue, providing that one-third of net proceeds are to be distributed to the Wilson County Tourism Development Authority (Authority) for the overall promotion of travel and tourism in Wilson County and two-thirds of the net proceeds to the City of Wilson, on a quarterly basis, for use for tourism-related expenditures in Wilson County that have been specifically approved in advance by the Wilson County Tourism Development Authority (previously, required the remittance of proceeds on a monthly basis, requiring that one-third of the proceeds of the additional occupancy tax be remitted monthly to the Authority with the remaining two-thirds remitted to the City of Wilson. Required seven-eighths of proceeds remitted to the Authority to be used for travel and tourism promotion. Required the City to use at least one-fourth of the funds remitted to it to promote travel and tourism in the County and the remainder for tourism-related expenditures in the County that have been specifically approved in advance by the Authority.)

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